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Last Updated: Saturday, 4 December, 2004, 10:35 GMT
New bidder on horizon for Wrexham
Wrexham director Dave Bennett (right) arriving at court on Friday

The owner of troubled Wrexham football club, Alex Hamilton, has said a credible potential bidder has come forward to buy it.

The club was put into administration on Friday when its directors won a High court order due to its cash crisis.

The move has saved the debt-ridden club from liquidation, but the Football League has said it will deduct ten league points from the team.

The club has said it will be appealing against this.

Wrexham's woes off the pitch were echoed in the FA Cup second round on Friday night when they were knocked out at Scunthorpe in a 2-0 defeat.

News of a third party interested in buying the club emerged in the High Court hearing in Manchester, but directors would not be drawn on whether it was one of the original bids or a fresh offer.

ADMINISTRATION FACTS
Administration means that a court-appointed accountant takes over the financial control of the club from its directors
The administrator tries to find a settlement with the club's creditors or to sell the club as a going concern
In the last 11 seasons, 34 Football League clubs have gone into administration, 12 since the collapse of ITV Digital
As well as a 10-point deduction, new League rules will not allow clubs to be in administration for longer than 18 months or two successive seasons

Simon Johnson, Secretary of the 750-strong Wrexham Supporters Trust, welcomed the prospect of a potential new bidder.

He said: "If that is the case, then we're obviously desperate to meet this new bidder and to talk to him.

"We have a lot to offer and can see ways in which this club can move forward."

Mr Johnson also welcomed the club's decision to appeal against the Football League's move to deduct ten points from the club, which has seen it drop from 16th in League One to 22nd - last but two.

He said: "I think the rule was designed for a different kind of circumstances.

"It was designed to stop clubs from gambling on getting into the premiership and then writing off all their debts.


"If we have got a case, then its worth doing. It's not a question of whether we stay up or go down.

"With Denis (Smith) and the boys, we're doing pretty well. We're in with a very good chance of staying up. It's the principle."

Wrexham FC owes �900,000 to the Inland Revenue and going into administration has held off liquidation.

Former chairman Mark Guterman withdrew his latest offer to buy the club last month, claiming Mr Hamilton had refused to accept it within a reasonable time.

Responding to that approach, Mr Hamilton said he did not consider the offer because he did not believe that Mr Guterman had the money and challenged him to name his financial backers.

The club has seven days to lodge an appeal against the points deduction, which would then be considered by an independent panel.

John Nagle, head of communications at the Football League, said: "The sporting sanction itself is not intended as a punishment but rather as an attempt to balance the competitive advantage clubs receive by ridding themselves of debt.

"This sanction, which is fully supported by our member clubs, is designed to have a deterrent effect and to make directors more accountable to supporters for the way they run their clubs."





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